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i have an account which has a decent amount of money on it.... however it is permanantely restricted and because my bank account was not on there before it got restricted i cant put a new one on there... i have made a new paypal but i am wondering if there is anyway i can transfer the money over because i cant send or receive money on my old account.
You would not be able to transfer funds from a limited account.
Its against paypal rules to open a paypal account if the other is limited.
You will probably find your new one is limited soon as well.
Welcome to the PayPal community and that's a great question.
As your question is very account specific, I would advise you to contact our customer care department who can help you further. You can do this by clicking on the Contact Us link at the bottom of every PayPal page. You can also contact us via our Facebook Page or Twitter @askPayPal.